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KPI Bridge Oil concludes FY 2020 with 70% on year jump in Earnings Before Tax

Primarily achieved by a 10% growth in volume and a reduction in operational costs and expenses related to counter party performance, says company statement.

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Soren Holl

International bunker broking and trading firm KPI Bridge Oil on Tuesday (23 June) announced strong growth and earnings after completion of its financial year ending 30 April 2020 (FY 2020).

Following the successful execution of the transition to the 2020 IMO fuel regulations, as well as the announcement of the acquisition of OceanConnect Marine, the company looks forward to the challenging year ahead with confidence and optimism, it says.

KPI Bridge Oil ended FY 2020 with Earnings Before Tax (EBT) of USD 28.5 million, and revenue of USD 2.2 billion. 

The EBT result represents an increase of 70% on the preceding fiscal year. This was primarily achieved by a 10% growth in volume and a reduction in operational costs and expenses related to counter party performance.

“2019/20 has been a very satisfactory year. Our experienced and dedicated employees were able to create great value for business partners during the challenging transition to the 2020 IMO sulphur-cap, and I’m thankful to each and every one of our team members for rewarding the company with this great result,” says Søren Høll, CEO.

KPI Bridge Oil is privately owned and enjoys solid financial foundations as well as strong backing from leading banks. This has given the company both the purchasing power and the ability to provide tailored solutions to each individual client’s needs. 

Combined with longstanding supplier relationships, KPI Bridge Oil proved itself uniquely positioned to serve its partners and guide them through the implementation of the IMO sulphur-cap.

“We were thoroughly prepared for the sea-change on 1 January. We anticipated the price increases caused by the introduction of new sulphur limits, and we were prepared for the increased demand for credit from owners and operators. Crucially, we also had both the financial strength and flexibility to provide the right solutions at the right time,” adds Høll.

KPI Bridge Oil is one of the marine industry’s oldest bunker brokers and traders. With close to 50 years in the global bunker market and  long-tenured employees – many of whom have maritime backgrounds – the company provides business partners with a level of insight and knowledge that is unmatched by most.

“Our people are our strongest asset. They will continue to play an important role in driving our growth strategy and delivering added value for our business partners going forward” says Søren Høll.

Earlier this year, KPI Bridge Oil announced that it has agreed to acquire OceanConnect Marine. Subject to regulatory approval, the merger will create one of the largest and most experienced independent marine fuel service and solution providers in the world.

“The maritime industry faces yet another challenge in the form of the COVID-19 pandemic. With our merger completing in the near future, the new KPI OceanConnect will offer an even broader range of services, stronger financial partnership and a more extensive and flexible platform to support partners from during this testing period” states Søren Høll.

Related: KPI Bridge Oil in green light over merger with OceanConnect


Photo credit: KPI Bridge Oil Group

Published: 23 June, 2020

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Bunker Fuel

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

4.55 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt recorded during the similar month in 2025, according to MPA data.

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Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Sales of marine fuel at Singapore port dropped by 6.8% on year in May 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.55 million metric tonnes (mt) (exact 4,548,000 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt (4,878,100 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May (against on year) recorded respectively 1.79 million mt (-5.3% from 1.89 million mt), 2.29 million mt (-6.5% from 2.45 million mt), zero (-100% from 1,200 mt), 600 (35.2% from 1,700 mt) and zero (from zero).

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May, (against on year) recorded respectively 11,600 mt (-71.6% from 40,900 mt), 36,400 mt (-62.1% from 96,100 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 12,800 mt (+573.7% from 1,900 mt). 

LNG and methanol sales were 70,300 mt (+56.2% from 45,000 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 June, 2026

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Bunker Fuel Quality

Bunker flash: High concentrations of catalytic fines, elevated acid numbers found in Singapore

Maritec-Naias issued an alert regarding high levels of catalytic fines and elevated acid numbers present in multiple VLSFO bunker samples from deliveries in the Singapore port.

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RESIZED Hans Reniers on Unsplash

Bunker fuel testing and marine surveying business Maritec-Naias on Friday (12 June) issued an alert regarding high levels of catalytic fines and elevated acid numbers present in multiple VLSFO bunker samples from deliveries in the Singapore port: 

During the period of 20 May 2026 and 02 June 2026, Maritec Pte. Ltd. (hereafter referred to as Maritec-Naias) conducted testing on five samples representing Very Low Sulphur Fuel Oil (VLSFO) deliveries from two suppliers in the Singapore port. The analyses revealed Aluminium and Silicon (Al+Si) concentrations ranging from 61 mg/kg to 68 mg/kg.

It is important to note; these values exceed the ISO 8217:2010/2017 specification limit of 60 ppm but remain within the permissible tolerance limit of 72 ppm under ISO 4259 for a single test result. In this regard, Catalytic Fines content, (Aluminium+Silicon), above 60 ppm is regarded as high. Of the five samples, three originated from one supplier, while the remaining two were from another.

Aluminium and Silicon constitute the principal classes of abrasive solids in fuels. Elevated concentrations of such particles at the engine inlet can precipitate abnormal wear and tear of fuel system components, piston rings, and cylinder liners. To safeguard against this, many engine manufacturers stipulate a maximum threshold of 15 mg/kg Al+Si at the engine inlet.

The primary method of mitigating Catfines is through an efficiently operating fuel purification system. Monitoring Aluminium and Silicon levels both before and after centrifugation provides a reliable measure of the system’s effectiveness in removing these contaminants.

During a similar period, Maritec-Naias also tested fifteen bunker fuel samples representing VLSFO that exhibited elevated Acid Numbers, ranging from 2.0 mg KOH/g to 2.5 mg KOH/g. While these values remain within specification limits, they are nonetheless considered at higher side. Elevated Acid Numbers may stem from contamination with acidic compounds such as Phenolic compounds and Alkyl Resorcinols, often associated with Estonian Shale Oil. Such contaminants can lead to operational complications including sludge formation, fuel pump seizures, and compromised injection equipment cleanliness.

Maritec-Naias Recommendations

  • High Catfines monitoring: Maritec-Naias advises collecting samples at critical points within the fuel system — including the fuel oil tank transfer pump, before and after centrifuge, service tank, and after fine-filter — to evaluate the efficiency of fuel cleaning.
  • Elevated Acid Numbers: For fuels with elevated Acid Numbers, Maritec-Naias recommends conducting Gas Chromatography-Mass Spectrometry (GC-MS) using the Solid Phase Extraction (SPE) method to identify the specific acidic compounds present or upgrading your marine fuel testing package to MFTP Plus, which enables pre-emptive monitoring to detect major harmful substances prevalent in the market, such as Cashew Nut Shell Liquid (CNSL), Phenolic compounds and Alkyl Resorcinols that cause damage to equipment.

Maritec-Naias states, while all data and findings presented in this document are true, it does not reflect on the overall quality of fuel being supplied in Singapore region. If you intend to bunker at this region, please request for a Certificate of Quality (CoQ) prior to loading.

 

Photo credit: Hans Reniers on Unsplash
Published: 15 June, 2026

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Incident

Three dead after supply boat sinks following collision off Pasir Panjang Terminal

PCG recovered three bodies from the waters after a supply boat sank off Pasir Panjang Terminal on 12 June 2026 at about 9.30am following a collision with a landing craft.

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The Maritime and Port Authority of Singapore (MPA) on Friday (12 June) said a supply boat sank off Pasir Panjang Terminal at about 9.30am after colliding with a landing craft. 

MPA, Police Coast Guard (PCG), and SCDF Marine Division, immediately activated their crafts to the incident site and commenced search and rescue operations.

“The landing craft is stable with no reported injury to crew on board,” MPA said in a statement. 

PCG has recovered three bodies from the waters, believed to be deceased crew members of the sunken supply boat. Search and rescue operations, including diving operations, are ongoing to determine if there are other crew members from the supply boat missing.

“Port operations have not been affected. Navigational broadcasts have been issued advising vessels to keep clear of the incident area,” it added.

“Investigations into the incident are ongoing.” 

 

Photo credit: Manifold Times
Published: 15 June, 2026

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